- Kurt Van Looveren Joins FRS Senior Management Team -
Brussels, Belgium, September 12th 2005, FRS, a leading provider of global
risk and regulatory compliance solutions and a business unit of S1
Corporation (Nasdaq: SONE), has appointed Kurt Van Looveren to the position
of Vice President of Products & Technology. As a key member of the senior
management team reporting directly into general manager, Alain Tayenne, Mr.
Van Looveren will be responsible for leading and managing all aspects of the
company's software development activities across its multiple facilities
primarily located in Brussels-Belgium, Pune-India and Boston-USA. FRS
employs a growing global team of approximately 75 architects, analysts,
developers and QA engineers entirely focused on risk and regulatory
compliance solutions for financial institutions worldwide.
Mr. Van Looveren's primary responsibility will be to accelerate the
enhancement and extension of the company's flagship product suite,
FinancialAnalytics. The FRS FinancialAnalytics suite of applications helps
institutions to overcome regulatory and compliance obstacles, including
prudential reporting requirements, Basel II, IFRS and Sarbanes-Oxley (SOX),
by leveraging a common data foundation and operational risk management
framework to harness financial intelligence across the enterprise.
"Today financial institutions are faced with the daunting challenge of
complying with ever-changing regulatory demands such as Basel II, SOX and
IFRS", states Van Looveren. "I greatly admire FRS' approach of providing a
consolidated platform that enables institutions to improve operational
efficiency across the enterprise, while reducing the total cost of adhering
to a complex array of regulations. I look to leverage my experience in
managing world-class software development and delivery organizations to help
FRS expand its' impressive global customer base."
Mr. Van Looveren's career spans software development and project management
for major players in the financial sector; he most recently led the Java &
Oracle Centre of Expertise for Real Software and he served as general
manager of the Belgian Development Group of EMC2. Previously, Mr. Van
Looveren held the position of vice president of Operations for Ubizen
Software and leadership and management positions with OLIVETTI and Unisys.